- The company executives are actively buying the shares of their own company with their own money.
- The current debt/equity ratio of the company is 220.03%.
Energy Transfer is an American company founded in the year 1995, nearly 28 years ago. The company was founded by Kelcy Warren Ray Davis. The company has a total of 12.265K employees and works in the industrial services sector of the oil and gas pipelines industry.
Energy Transfer LP has a market cap of $42.622B and the current PE ratio of the company is 11.26 which means that traders and investors are ready to pay higher prices for the stock and the basic EPS of the stock is $1.21 and the current beta of the stock is 0.78 which means that the company’s stock price is stable and moves lesser than the overall market.
The average volume for the company is 11.17M and has 3.143B shares floating in the market available for trading. The ET share has shown a huge spike of +7,517.4% resulting in $3.50B and has gained a return of 19.2% on invested capital following a year-on-year change resulting in 3.9% in Q2 2023.
Energy Transfer LP Performance Analysis
Energy Transfer LP has made a revenue of $89.88B in the year 2022 and the profit margin of the company has declined as compared to the previous year resulting in 5.29% following a net income of $4.75B and a gross profit of the company remains at 10%. The current net income of the company is $4.75B following a debt of $49.11B in the year 2022.
ET Share Technical Analysis
The price of the ET stock has been consistently advancing from the lower levels forming new higher highs leading to a bullish market structure and leading to the formation of the rising wedge pattern and the market is still trading inside the same pattern.
The price of the share is trading above the 50-day and the 200-day EMA following a golden cross which indicates the presence of buyers in the market.
The RSI for the ET share is trading in a range consolidating for a very long time and unless it hits the overbought or oversold zone it will be representing uncertainty for the direction of the stock.
Technical Overview of Energy Transfer Stock
The technical indicators for the share are bullish following the moving averages and the oscillators. The financial experts are also bullish on the share following the fundamentals of the company.
Conclusion
The price of the company has been consistently advancing from the lower levels trading inside a rising wedge pattern. And the EMA is bullish for the stock while the RSI is acting uncertain. The fundamentals of the stock are good for the long-term sustainability of the company.
Therefore, the price of the share is expected to advance to higher levels once it breaks above the rising wedge pattern.
Technical Levels
- The support levels for RBLX Stock are – $9.50 and $11.50
- The resistance levels for RBLX stock are – $15.80 and $19.00
Disclaimer
The information provided in this article, including the views. And opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
